Management Assignment help on: What is MRP? Describe four benefits from its use. What is ERP? Discuss the advantages and disadvantages of ERP.

  

ERP (Enterprises resource planning) is a system that integrates internal and external management information across the entire business organization including finance/accounting, manufacturing, sales and service, customer relationship management, etc. The main objective of ERP is to facilitate the flow of information among all the business function inside the boundaries of the organization and manage the connections to outside stakeholders.

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Advantages of ERP	Disadvantages of ERP
It increases organizational transparency and responsibility It improves customer response It facilitates strategic planning of the organization It improves productivity of process and HRM. It provides accurate and faster access to data for timely decisions It helps the organization in utilizing the organizational resources It reduces lead time of the organization & improves the production system.	The cost of ERP software is too high ERP brings indirect additional cost to the organization such as new IT infrastructure, upgrading the WAN links, etc It is very difficult for the decentralized organization. ERP takes one to three years to get completed and fully functional It requires technical staff and top management support Lack of continuous technical support Expensive implementation

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